Holly Duchmann

1 day ago | businessreport.com | Holly Duchmann

As Congress races to finalize a sweeping budget bill ahead of the July 4 deadline, Politico spotlights the alarm growing in Louisiana. The proposed legislation—central to Donald Trump’s policy agenda—includes deep cuts to Medicaid and food assistance, sparking bipartisan concern in Louisiana, where nearly 35% of residents rely on Medicaid and 1 in 5 depend on SNAP benefits.

1 day ago | businessreport.com | Holly Duchmann

The Financial Accounting Standards Board is finalizing a new rule requiring U.S. companies to consistently report government grants—part of a broader effort to bring clarity to financial reporting in the wake of pandemic-era aid, The Wall Street Journal reports. Approved in a narrow 4–3 vote, the rule would mandate that public and private companies disclose the value of grants received, whether in cash, forgiven loans or physical assets like equipment and land.

1 day ago | businessreport.com | Holly Duchmann

Obesity drugs: Gov. Jeff Landry struck language from the Louisiana budget plan that could have provided state employees and public school teachers with insurance coverage for popular weight-loss medication over the next year. The governor does not think the state would be able to cover the cost for the obesity drugs on a long-term basis. Read more from Louisiana Illuminator.

1 day ago | businessreport.com | Holly Duchmann

Congress is looking to revive charitable giving—especially among everyday donors—but the House and Senate have different approaches, The Wall Street Journal writes. Both chambers are negotiating versions of a tax bill that would bring back the charitable deduction for people who take the standard deduction, a benefit lost after the 2017 tax law overhaul.

2 days ago | businessreport.com | Holly Duchmann

Young people graduating from college this spring and summer are facing one of the toughest job markets in more than a decade. The unemployment rate for degree holders ages 22 to 27 has reached its highest level in a dozen years, excluding the COVID-19 pandemic. Joblessness among that group is now higher than the overall unemployment rate, and the gap is larger than it has been in more than three decades.